|THE BUDDHIST SOCIETY TRUST|Report ofthe Trustees and unaudited|financial|financial|statements|
|---|---|---|---|---|
||||30|April 2023|
|CONTENTS OFTHE FINANCIAL STATEMENTS|||||
|FORTHE YEAR ENDED 30APRIL 2023|||||
|Report ofthe Trustees||2to 5|||
|Independent
Examiner's
Report|||||
|Statement ofFinancial Activities|||||
|Balance Sheet||8to|9||
|Notes to the Financial
Statements||10to 14|||
|Detailed Statement ofFinancial Activities||15|||
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|THE BUDDHIST SOCIETYTRUST|THE BUDDHIST SOCIETYTRUST||Report ofthe|Trustees and|unaudited
financial statements|unaudited
financial statements|
|---|---|---|---|---|---|---|
|||||||30April 2023|
|STATEMENT OF FINANCIAL ACTIVITIES|||||||
|FORTHE YEAR ENDED 30APRIL 2023|||||||
|||Notes|Unrestricted|Restricted|2023|2022|
||||funds|funds|Total|Total|
||||||funds|Funds|
|INCOME|||||||
|Income from generated
funds|||||||
|Donations
and legacies|||413,168||413,168|22,713|
|Income from investments|||149,071||149,071|155,134|
|Income from charitable
activities|||||||
|Book royalties
and publishing|donations|||7,470|7,470|21,103|
|Total income|||562,239|7,470|569,709|198,950|
|EXPENSES|||||||
|Expenditure
on raising funds|||||||
|Investment
management
costs|||30,756||30,756|63,334|
|Expenditure
on charitable
activities|||||||
|Publishing|||11,322|7,470|18,792|18,018|
|Donations to The Buddhist Society|||120,602||120,602|102,915|
|Charitable
events|||||||
|Governance
costs|||6,093||6,093|9,013|
|Total expenses|||168,773|7,470|176,243|193,280|
|NET INCOMING/(OUTGOING)|||393,466||393,466|5,670|
|Gains/(losses)
on investment
assets|||(12,312)||(12,312)|11,223|
|Net movement
in funds|||381,154||381,154|16,893|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||2,868,115||2,868,115|2,851,222|
|TOTAL FUNDS CARRIED|FORWARD||3,249,269||3,249,269|2,868,115|
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|BALANCESHEET||||||
|---|---|---|---|---|---|
|AT 30APRIL 2023||||||
||Notes|Unrestricted|Restricted|2023|2022|
|||funds|funds|Total|Total|
|||||funds|funds|
||||||K|
|FIXEDASSETS||||||
|Tangible assets||||||
|Land and Buildings||675,000||675,000|675,000|
|Investment
property||1,362,000||1,362,000|1,042,000|
|Investments||57,794||57,794|70,105|
|||2,094,794||2,094,794|1,787,105|
|CURRENT ASSETS||||||
|Debtors:||||||
|amounts
falling due within one year||3,412||3,412|706|
|Cash at bank||1,158,094||1,158,094|1,088,799|
|||1,161,506||1,161,506|1,089,505|
|CREDITORS||||||
|Amounts
falling due within one year||(7,031)||(7,031)|(8,495)|
|NET CURRENT ASSETS||1,154,475||1,154,475|1,081,010|
|TOTAL ASSETSLESSCURRENT||3,249,269||3,249,269|2,868,115|
|LIABILITIES||||||
|NET ASSETS||3,249,269||3,249,269|2,868,115|
||10|||||
|Unrestricted
funds||||3,249,269|2,865,030|
|Restricted
funds|||||3,085|
|TOTAL FUNDS||||3,249,269|2,868,115|
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|NOT
FOR|ES TO THE FINANCIAL STATEMENTS - CONTINUED
THE YEAR ENDED 30APRIL 2023|ES TO THE FINANCIAL STATEMENTS - CONTINUED
THE YEAR ENDED 30APRIL 2023|ES TO THE FINANCIAL STATEMENTS - CONTINUED
THE YEAR ENDED 30APRIL 2023|||
|---|---|---|---|---|---|
||INCOME FROM GENERATED FUNDS|||||
||Donations and legacies|||2023|2022|
||Donations
and gifts|||168|183|
||Legacies and bequests|||93,000|22,530|
||Legacies and bequests|- donated goods, facilities and||||
||services - investment|property||320,000||
|||||413,168|22,713|
||Income from Investments|||2023|2022|
||Rents received|||145,760|152,197|
||Bank interest|||18|1|
||Investment
income - dividends|||3/93|2,216|
|||||149,071|155,134|
|3.|EXPENSES|||||
||Investment
management||costs|2023|2022|
||Letting expenses and|ground rent||12,439|15,004|
||Insurance|||9,074|8,639|
||Repairs and maintenance|||6,878|15,979|
||Legal and professional||||20,935|
||General office expenses|||2,309|318|
||Bank charges|||56|71|
||Depreciation||||2,388|
|||||30,756|63,334|
||Governance
costs|||2023|2022|
||Accountancy
and company||secretarial|4,093|7,313|
||Independent
examination|||2,000|1,700|
|||||6,093|9,013|
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|TANGIBLE FIXEDASSET|S||||
|---|---|---|---|---|
||Freehold|Improvements|Furniture|Totals|
||Land and|to property|and||
||buildings||fittings||
|Cost|||||
|At beginning ofyear|675,000||||
|Additions|0||||
|At end ofyear|675,000||||
|Depreciation|||||
|At beginning ofyear|||||
|Charge for year|||||
|At end ofyear|||||
|Net book value|||||
|At 30April 2023|675,000||||
|At 30April 2022|675,000||||
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|||||Listed|Investment|
|---|---|---|---|---|---|
|||||Investments|Property|
|Market Value||||||
|At start ofyear||||70,105|1,042,000|
|Additions||||0|320,000|
|Sales||||0|0|
|Improvements|to investment||property|0|0|
|Revaluations||||(19,342)|0|
|At end ofyear||||50,763|1,362,000|
|Net book value||||||
|At 30April 2023||||50,763|1,362,000|
|At 30April 2022||||70,105|1,042,000|
|There were no|investment|assets outside the UK.||||
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||||2023|2022|
|---|---|---|---|---|
|Debtors|||3,412|706|
|Prepayments|||||
||||3,412|706|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||2023|2022|
|Creditors|||1,161|1,161|
|Prepaid income|||5,635|5,635|
|Independent|Examiner's|fee|2,000|1,700|
||||7,031|8,495|
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|FOR|THE YEAR ENDED 30APRIL 20|22|||||
|---|---|---|---|---|---|---|
|10.|MOVEMENT IN FUNDS||||||
|||At|1May|Net|movement|At 30April|
||||2022||in funds|2023|
||Unrestricted
funds||||||
||General fund|2,865,030|||13,808|2,865,030|
||Restricted funds||||||
||Educational
fund||3,085||(6,616)|(3,531)|
||TOTAL FUNDS|2,868,115|||16,893|2,868,115|
||Net movements
in funds, included|in the above are as follows:|||||
|||Incoming|Resources||Gains and|Movement
in|
|||resources|expended||losses|funds|
||Unrestricted
funds||||||
||General fund|562,239||(1,262)|(19,342)|13,808|
||Restricted funds||||||
||Educational
fund|7,470|(14,086)|||(6,616)|
||TOTAL FUNDS|569,709|(175,943)||(19,342)|16,893|
##
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|DETAILED STATEMENT OF FINANCIAL ACTIVITIES|DETAILED STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|
|FORTHE YEAR ENDED|30TH APRIL 2023|||
|||2023|2022|
|INCOME||||
|Donations and legacies||||
|Donations
- Chaplaincy||168|183|
|Donations
—Publishing||||
|Legacies and bequests||413,000|22,530|
|||413,168|22,713|
|Income from investment||||
|Rents received||145,760|152,917|
|Bank interest||18|1|
|Investment
income||3,293|1,216|
|||149,071|155,134|
|Income from charitable activities||||
|Royalties and grants||5,793|5,683|
|Booksales||1,677|15,420|
|||7,470|21,103|
|Total income||569,709|198,950|
|EXPENSES||||
|Investment
management|costs|||
|Letting expenses and ground rent||12,439|15,004|
|Insurance||9,074|8,639|
|Repairs and maintenance||6,878|15,979|
|Legal and professional|||20,935|
|General office expenses||2,309|318|
|Bank charges||56|71|
|Depreciation|||2,388|
|||30,756|63,334|
|Expenditure
on charitable|activities|||
|Publishing:
Books and publications||12,586|10,682|
|Publishing:
Contract staff||6,206|7,336|
|Charitable
events||||
|Donations: The Buddhist Society||120,602|102,915|
|||139,394|120,933|
|Governance||||
|Accountancy
and company|secretarial|6,093|9,013|
|Total resources expended||176,243|193,280|
|NET INCOME||393,466|5,670|